sian stocks fall on US fears, disappointing China PMI . . . . . . . . While worries over the US budget escalate, as the US is facing its first government shutdown in 17 years, China’s HSBC manufacturing PMI final reading was a disappointment. The US Congress must decide on the budget before the October 1 deadline. - The MSCI Asia Pacific Index fell 1.5% to 138.73 as of 15:33 in Tokyo In Japan, a stronger yen weighed on exporters as the Japanese currency climbed to a one-month high. Investors also digested mixed economic data, as manufacturing expanded at its fastest pace in September since the 2011 earthquake, while retail sales beat estimates. - Nikkei 225 closed 2.06% lower at 14455.80 - Topix closed 1.92% lower at 1194.10 China’s final reading of the manufacturing PMI from HSBC came in at 50.2 in September, lower from a preliminary reading of 51.2 earlier this month. Yet, as the Shanghai free trade zone officially opened on Sunday Chinese stocks found support. - China’s CSI 300 Index closed 0.59% higher at 2409.04 - Hong Kong’s Hang Seng closed 1.50% lower at 22859.86 - Trade was cautious ahead of the week-long holiday starting October 1, known as Golden Week In Australia, the benchmark index fell from Friday`s five-year high in its biggest one-day drop since early August driven by energy producers due to falling oil prices. In South Korea investors ignored the positive data and a stronger yen to track Asia-wide losses. - The S&P/ASX 200 closed 1.66% lower at 5218.88 - Kospi closed 0.74% lower at 1996.96 #egyptyard
Posted on: Mon, 30 Sep 2013 13:57:22 +0000
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